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20120926
20121004
Search Results 0 to 11 of about 12 (some duplicates have been removed)
's economy is dead flat, teetering on recession. 10-year high for unemployment and france puts in place huge tax increases. bill: i'm reading the two measures bringing around half a billion euros. >> that's it. >> what will that do for them? >> not much. there are other taxes as well which will bring in a total they think of 20 billion euros. bill: higher tax rates on dividends? >> dividends, capital gains, dividends, profits, reinvestment of capital, interest you name it. bill: here is a query for you. are they cutting spending at all? >> by about $10 billion euros. $20 billion worth of tax increases. $10 billion worth of spending cuts gives you a 30 billion euro reduction they think in the budget deficit. bill: well on the spending cuts, how much resistance was there? >> there is going to be a lot of resistance. in france there is really a cradle to grave security system and the state is at the very center of the economy. when the state starts cutting into to spending, cutting down on spending, there will be some resistance and it will be seen on the streets. bill: do you expect the wealth
hunt at the u.n.. martha: take a look at the u.s. economy this morning. there is a new report that has some not very good news on this. families are seeing a lot less money in their paychecks according to this new report. it finds the median household income fell by 1.1% to under $51,000 last month. you take a look at the chart on this since 2009 and it is not a pretty picture. it is a significant drop since the president came into office. stuart varney joins me now. he is the host of "varney & company" on the fox business network. stuart, good morning. that's a tough chart. >> yes, it is a tough chart. it paints a picture of real distress in middle america. buying power down, our standard of living falling and hardship, hardship right there in the middle of america is actually give gettingous. -- getting worse. let me give you key number. from the start of the obama administration the median household income in america has fallen, repeat, fallen, down around $4,000. we've not seen this kind of decline over a long period of time, three, four years, we have not seen this before. if you
: tonight is the debate and the economy will be front and center. would you expect the president to admit any of this policies did not work? >> reporter: i would expect the president would deflect attention away from his record. if if you ask where is the middle class going next year after the election, you have -- i would say that the middle class is going to get maybe even worse off because we look like we are head for a real slowdown in the economy and the word recession next year has been used frequently. >> it's being bantered about. stu varney, thank you so much. bill: joe biden was in charlotte, north carolina making that comment. 15 electoral votes. a look at how he succeed, 4.3 million votes cast in the state. president obama won by 14,000 votes. he carried a 100,000 vote margin in charlotte which is where mr. biden was. he had a narrow margin of victory, more than any other state. in charlotte unemployment is above 10%. we'll see how they do, it's tough to win against those numbers. jamie: those numbers are seen in many places,en it will be interesting to hear about what they sa
. martha: all right. let's take it back here at home for a minute and talk a little bit about the economy because we've got a lot of new numbers that have come in that are giving us a better read on the health of the u.s. economy. u.s. weekly jobless claims fell by 26,000 to 359 people. fueling a modest improvement in the unemployment picture. while numbers on the gdp are pretty rough. they show that the economy is still indeed very sluggish. and that's where we start with stuart varney, host of "varney & company" on the fox business network. stuart, that gdp number is a downward revision and it is a very rough picture in terms of growth. >> yes. it means that america's economy right now is at stall speed, going nowhere, extremely low rate of growth. think about it, martha. we've come from 4% growth at the end of last year, 2 1/2% growth at the beginning of this year. now we're down to just 1.3% growth. that is it. i think that stall speed for america's economy. less consumer spending, less business investment, in the april through june quarter. i've got another number for you that also c
. the evidence is this. we know the economy is slowing dramatically. we know income is down. and we know that buying power is down. that's over the last 3 1/2 years and bringing us up to the current state. if we have a second term and the president raises taxes, keeps regulation in place and keeps running up the massive debt. that's where the word recession comes in. current policies have failed to continue them into next year would possibly mean a recession in the year 2013. very significant with five weeks to go to the election. bill: the gdp is 1.3? that's like belgium. why are stocks up, stuart? >> reporter: that's a very good question. normally when the market heads south you -- normally when the economy heads south the market heads south. but ben bernanke is propping it up. martha: we have a jam packed show for you today. both candidates are hunkered down getting ready for wednesday night's debate in denver. new numbers show how many voters could still be persuaded. bill: disturbing details in fallout from operation fast & furious. new records of dozens of weapons linked to murders
the president will be staying the course. saying the economy is getting better and also defining mitt romney. he has to make this about a choice, not a referendum on his first term. bill: if there is a surprise what do you think it might be? >> i think romney has to throw the president off stride. he has got to get under his skin. maybe he mentions president obama's penchant for playing golf when the economy is ouring. bill: does one have more to lose than the other? >> i think the president has more to lose. in 2008 he had that line against hillary clinton. he said you are likeable enough, hillary. that basically cost number new hampshire. he has the lead but he has the most to lose. but he can't be too careful because if you are too careful you are not going to win. bill: when you consider colorado, those folks are dialed in on this election. here is martha. martha: no doubt governor romney wants to shore up the debate. the quinnipiac poll shows an 18% lead more the president or women likely voters. this same poll thinks the president will win the debate by a 2-1 margin. bill: how's that for e
Search Results 0 to 11 of about 12 (some duplicates have been removed)